Electric Rice Cooker Market Size

Electric Rice Cooker Market was valued at approximately USD 3.5 billion in 2023 and is anticipated to register a CAGR of 5.8% between 2024 and 2032. Rice preparation is made easier with electric rice cookers. They require less attention than other methods and remove the possibility of rice burning or undercooking. Convenience is a key motivator, particularly for homes with active members.

Rice cooked using traditional hob methods needs to be constantly watched over. You must monitor for the water to boil away, stir from time to time, and regulate the heat. All of that watching over is eliminated with electric rice cookers. The rice cooker is designed to automatically adjust the temperature and turn off when the rice is cooked to perfection. For individuals who are too busy to stand over a pot, this hands-free method is invaluable. For uniform and constant rice cooking, they use automatic temperature controls.

Additionally, Electric rice cookers offer a simple and reliable way to cook delicious rice and other dishes without the hassle or stress. This focus on convenience is a major driver for the growth of the electric rice cooker market, making them a popular choice for busy people who still want to enjoy delicious and healthy meals.

As, multicookers offer a wider range of functionalities beyond rice cooking, including pressure cooking, baking, and yogurt making. This versatility can overshadow electric rice cookers, especially for consumers seeking a single appliance for multiple cooking needs.

The core function of an electric rice cooker is cooking rice and it hasn't undergone major changes. While some models offer features like brown rice settings or pre-programmed options, they might not be perceived as innovative compared to the multicooker's ever-expanding capabilities. This can make rice cookers seem outdated, especially for younger generations or those seeking the latest technology in their kitchens.